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5/27/2021
Verra Mobility Loses Money, Buys Its Main Money-losing RivalVerra Mobility wins approval of deal to buy Redflex, though both photo ticketing companies continue to lose cash.
Neither Redflex Traffic Systems nor Verra Mobility are currently profitable, but that will not stop the two photo enforcement giants from merging. Verra Mobility (formerly American Traffic Solutions) won over Australian shareholders after Verra increased its buy-out offer to 96 cents from 92 cents per share. Once joined, the newly enlarged Verra Mobility will elevate its already dominant position to the status of near monopoly in the red light camera and speed camera market.
Verra paid $152 m ...
5/24/2021
European Speed Cameras Cause Accidents, Are DestroyedSpeed cameras caused two collisions in France and Germany. Vigilantes disable cameras in England, Northern Ireland and Spain.
5/19/2021
Iowa Supreme Court Rescues State From Refunding Illegally Issued Traffic TicketsIowa will not have to refund 22,000 speeding tickets issued by state employees who had no legal authority to issue those citations.
5/17/2021
France, Germany: Three Speed Cameras Taken OutVigilantes took a breather last week as only a handful of speed cameras were taken offline.
5/11/2021
Feds Up The Fraud Charges Against Red Light Camera SalesmanDepartment of Justice levels new charges against Safespeed red light camera salesman accused of public corruption.
